From: johnl@taugh.com   
      
   It appears that Peter T. Daniels  said:   
   >> Interesting point. The preload bonus is going away with OMNY. My   
   >> credit card gives me about a 1.5% rebate, which I guess is a less than   
   >> what the preload was.   
   >>   
   >> On the other hand, if you preload a card and then don't spend it   
   >> for a year, that in effect costs you 5%.   
   >   
   >How so? No one is paying 5% interest on regular accounts.   
      
   Well, OK, my bank is paying 4.6%.  I could get 4.8% somewhere else   
   but for that little it's not worth switching.  The money market fund   
   that comes with my Vanguard account pays 5.04%.   
      
   >> I don't see any point to the prepaid OMNY cards unless you absolutely   
   >> do not have a bank account in any form. They cost $5 and are no better   
   >> than any other debit card.   
   >   
   >We'll see whether there's a charge for the first Senior card.   
   >   
   >I most certainly never use a debit card. (My Chase ATM card happens to be   
   >a debit card, but I would never use it to pay for anything.)   
      
   I was thinking of debit cards tied to Cash App or Venmo. They're free,   
   and you can only spend what's in the account. Or you can use a credit   
   card like a normal person, one less card in your wallet, maybe get a   
   small rebate.   
      
      
      
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   John Levine, johnl@taugh.com, Primary Perpetrator of "The Internet for   
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